More Americans are renting now than at any time during the last half century – largely because many simply can’t afford a mortgage payment on the average home
Canadian buyers help drive a 49% surge
Yes, it’s a very expensive area to live, but the city has a lot to offer, as San Francisco is one of the most culturally-diverse cities in America. Plenty of people spend big money on rent to live in a fantastic place like this.
I received a call a few weeks back from a broker who sends us real estate loans occasionally. He had a client that owns a property free and clear, a rental property.